ON Semiconductor (NASDAQ:ON) is scheduled to issue its quarterly earnings data before the market opens on Monday, April 30th. Analysts expect the company to announce earnings of $0.39 per share for the quarter.
ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. ON Semiconductor had a net margin of 14.63% and a return on equity of 21.88%. ON Semiconductor’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $0.29 EPS. On average, analysts expect ON Semiconductor to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NASDAQ:ON opened at $23.63 on Monday. The stock has a market capitalization of $10,100.86, a P/E ratio of 16.18, a PEG ratio of 1.12 and a beta of 2.00. ON Semiconductor has a fifty-two week low of $13.65 and a fifty-two week high of $27.10. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.31 and a current ratio of 2.08.
Several analysts recently weighed in on ON shares. ValuEngine upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. BidaskClub upgraded shares of ON Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 5th. Vetr downgraded shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating and set a $25.52 price objective on the stock. in a research report on Wednesday, January 10th. Mizuho reiterated a “buy” rating and issued a $26.00 price objective (up from $24.00) on shares of ON Semiconductor in a research report on Friday, January 12th. Finally, Zacks Investment Research downgraded shares of ON Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. ON Semiconductor presently has a consensus rating of “Buy” and a consensus price target of $24.09.
In other ON Semiconductor news, insider Bernard Raymond Colpitts, Jr. sold 5,838 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $26.09, for a total transaction of $152,313.42. Following the transaction, the insider now owns 17,803 shares of the company’s stock, valued at approximately $464,480.27. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Atsushi Abe sold 20,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $22.53, for a total transaction of $450,600.00. Following the transaction, the director now directly owns 154,913 shares in the company, valued at approximately $3,490,189.89. The disclosure for this sale can be found here. In the last three months, insiders have sold 252,400 shares of company stock worth $6,384,941. 1.60% of the stock is owned by corporate insiders.
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About ON Semiconductor
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates through three segments: Power Solutions Group, Analog Solutions Group, and Image Sensor Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.
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